Business_1901_006 James Pingree to David Eccles

—2597— FIRST NATIONAL BANK DAVID ECCLES, Prest. THOMAS D. DEE, Vice-Prest JAMES PINGREE, Cashier CAPITAL AND UNDIVIDED PROFITS, $260,000. U.S. DEPOSITORY. Ogden, Utah, May 8, 1901. Hon. David Eccles, Baker City, Or. Dear Sir: Upon obtaining a list of the asset and liabilities of E. Stratford & Son their affairs stand as follows: Accounts they claim to be good, $17,464.00 Stock on hand, 20,336.00 Total, $37,800.00 Amounts due for goods, $14,000.00 Amounts due on notes, 15,810.00 Total, $29,810.00 Providing they can collect all the amounts above mentioned it would leave them $7,990.00 of an excess and while the accounts appear on the face of them to be fairly good think there should be atleast from $2,000 to $2500. deducted for amounts they will not collect or to cover expenses of collection. Now these parties wish to know if they will be allowed to use a sufficient amount of money to make payment of their bills which they owe for furniture purchased at the time the said new incorporation goes into effect, or if not what per centage you would require paid upon your notes and that due the bank. They also wish to know who you contemplate will take stock in the new concern. Kindly let us hear from you regarding these matter and greatly oblige. There is nothing special on hand everything going along smoothly and alright and trust things are going the same with you. Yours truly, James Pingree Cashier.

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—2597— FIRST NATIONAL BANK DAVID ECCLES, Prest. THOMAS D. DEE, Vice-Prest JAMES PINGREE, Cashier CAPITAL AND UNDIVIDED PROFITS, $260,000. U.S. DEPOSITORY. Ogden, Utah, May 8, 1901. Hon. David Eccles, Baker City, Or. Dear Sir: Upon obtaining a list of the asset and liabilities of E. Stratford & Son their affairs stand as follows: Accounts they claim to be good, $17,464.00 Stock on hand, 20,336.00 Total, $37,800.00 Amounts due for goods, $14,000.00 Amounts due on notes, 15,810.00 Total, $29,810.00 Providing they can collect all the amounts above mentioned it would leave them $7,990.00 of an excess and while the accounts appear on the face of them to be fairly good think there should be atleast from $2,000 to $2500. deducted for amounts they will not collect or to cover expenses of collection. Now these parties wish to know if they will be allowed to use a sufficient amount of money to make payment of their bills which they owe for furniture purchased at the time the said new incorporation goes into effect, or if not what per centage you would require paid upon your notes and that due the bank. They also wish to know who you contemplate will take stock in the new concern. Kindly let us hear from you regarding these matter and greatly oblige. There is nothing special on hand everything going along smoothly and alright and trust things are going the same with you. Yours truly, James Pingree Cashier.